Ok so heres the problem, I did a little research.
If they don't show any units then its just some number, I don't understand what the number means in terms of computers. But you would have to use the formula you presented
When you do [Difficulty*2**32] then that converts it to the actual network difficulty hash rate and the way I calculate it is to use the network difficulty hash rate. The coins I mine usually display difficulty hash rate so it's easier to figure out.
I don't know why some coins use just a difficulty number and others a hash rate difficulty when you have to calculate the hash rate regardless, makes no sense to me.
Gold coin Diff is 45.72 GH
So plug that number in and you get 7.55 coins as you should.
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Personally it would make more sense to always see a difficulty hash rate so someone can look at it and say oh so I have to hash this many stings to earn a block.
I don't understand where you are getting the 47.52 GH for Gold coin diff because for one thing, difficulty has no units! The fact that you are using units associated with what you think is the difficulty leads me to believe you want to use the network hashing rate not the difficulty. If you were to calculate your hashing rate as a percentage of the network hashing rate for any particular coin, then multiply it by the daily reward for that coin, you would get a fair approximation of your expected daily reward. Of course, if the coin doesn't have a short difficulty retarget period and the network rate changes dramatically, this method will not be accurate. |
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How much for
1MoneyMakingBitcoiner?
About 98,549,584,958,495,849,584,958,495,849 years. When they invent a cure for immortality I can give it a try  . It would cost you 1$ per year. I can do that in as little as 45,708,590,000,000,000,000 years Difficulty: 73412706098145553519090162807511771
[35.30 Mkey/s][total 352321536][Prob 0.0%][50% in 4.570859e+019y] (payable in advice mind you ) LOL! I'm still waiting on that cure for immortality  Living forever?! Ain't nobody got time fo dat! I need to get me some pills. |
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What is the unit for difficulty? Gh, Th ?
Lets call it TH since you didn't say what it was.
Convert both to GH , that is easy just move the place marker over 3 places, then times by sec in a day and block reward
(.001/10645.5)X(86'400)X(4) = .032 coins per day
if the difficulty was in GH
(.001/10.6455)X(86400)X(4) = 32 coins per day
Well there you go, difficulty has no units. This is where are are confusing me. Do you mean to use the network hashing rate?? The actual answer is 7.5587 coins per day. block reward * 86400 * 10 6Coins/day/Mh/s = --------------------------------------- difficulty * 2**32 4 * 86400 * 10 6Coins/day/Mh/s = ----------------------------------- 10.6455 * 2**32 345600000000 Coins/day/Mh/s = ------------------------- 45722074349.568 Coins/day/Mh/s = 7.5587121738553702268564182048753 |
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Only SHA-256 belongs in this particular section. You should move this to the altcoin discussion thread.
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My way is easier and you can pop the numbers into a calculator and figure out coins per day in 2 secs flat. That formula you posted would require you to calc the top and bottom lines, write it down then divide them and... thats really more effort. Super easy to just convert the units.
Well I can't figure it out from what you've written. Perhaps you can put in some real world numbers and demonstrate how to use it? Use these numbers so I might follow along: GoldCoin difficulty 10.6455 block reward 4 hashing rate 1MH/s |
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it's very easy.
Take your hashing speed and divide by the difficulty, that will give you blocks per second. You need a usable number so times the blocks per second by seconds in a day.
formula is something like this to make it simple.
Diff - 10 GH
Hashing speed = 100 MH
(.1/10)X(60)X(60)X(24) = Blocks per day
The hardest part is the conversion of your hashing speed to the difficulty as the units need to be the same. In my example 100 MH converts to .1 GH. The easy way for me to convert either the hash speed or difficulty up or down one unit so it works out, or you might need to convert both units.
example hash = 100 MH diff = 30 TH
You want to end up with both your numbers in the GH unit
100 mh = .1 Gh (simply move 3 places over)
30 Th = 30'000 GH (Move 3 places over)
Once you get the hang of it, it is faster then relaying on calculators and new coins rarely have calculators so very important to know! Also to avoid a cluster fuck of zeros I convert both diff and hash speed to work with a easier to use number when the diff is high.
EDIT:
I am assuming you know that converting to another unit is 1000 times larger or smaller and so on.
What?? block reward * 86400 * 10 6Coins/day/Mh/s = --------------------------------------------- difficulty * 2**32 86400 is the number of seconds in a day106 is your 1 MH/sThis should work for any cryptocurrency. edit: but it doesn't work for ETHash or CryptoNote, you have to remove the 2**32 block reward * 86400 * 10 6Coins/day/Mh/s = --------------------------------------------- <---- for ETHash and CryptoNote difficulty |
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How to Buy Bitcoins in Canada When it comes to buying cryptocurrency, several ways come into mind. You can either find someone close to your location and buy coins personally, search for a Bitcoin ATM, or find a trustworthy Bitcoin exchange. The latter is the most popular and reliable way to buy Bitcoin in Canada, and worldwide. Why? Because when buying Bitcoins from someone you found on the Internet, you can face scammers; ATM machines can work incorrectly, and their quantity is so low that it’s almost impossible to find them, unless you live in a truly large city. Bitcoin exchanges, on contrary, are available all over the world, provided that you have Internet connection, and, of course, money. Finally, finding a legal exchange with user-friendly interface, convenient payment methods and high security, is not as easy as it may sound. But, if you care about your funds, and still want to buy Bitcoin in Canada, it is possible. http://blog.cex.io/cryptonews/buy-bitcoins-canada-15696 This isn't news it's advertising spam. |
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It doesn't make sense that miners are shutting down now. Before the block reward halving, KNCminer reprted they would have to declare bankruptcy due to their electricity costs. At a time when Bitcoin was worth ~$480, they claimed their cost per Bitcoin was $440 (this is from memory, it might have been slightly more or less) and their electricity costs were $0.196 per kWhr. I did some math and it turns out that about $200 of that cost per Bitcoin was electricity. Difficulty has not increased significantly since their announcement so after the halving, the cost per coin for electricity would be ~ $400 and the total cost per coin ~ $640. Bitcoin is still worth more than that. Also, KNC would have been the most expensive miner out there with the cost of living in Sweden and the electricity costs considered not to mention their taxes are through the roof. Consider also this:
422107 (Main Chain) 2016-07-24 16:59:14 KnCMiner 000000000000000001b63fcce1fa4b54bdf35971ac553ed7d50f97777d2963fc
Who is shutting down!? I say it's just an anomaly and is simply an extended bout of bad luck that is indicating an apparent decline in hash rate even though all the equipment is still mining. I don't believe it is caused by miners shutting down (at least not yet).
I wouldn't draw too many conclusions from KNC's decision to declare bankruptcy. They most assuredly didn't wait until they had no choice. Their decision looks to me to be more preemptive in nature. KNC must have some gear that's worth running anymore, and they can easily turn that off as they start to unwind their operations. They don't have to have a "fire sale", though liquidation companies sometime just want to get through the process of converting assets into money (fiat, not BTC). I think there is plenty of gear being turned off due to the halving. It may not be just huge farms, but a thousand farms for which a small profit isn't interesting any more. When the easy money evaporates, some folks will just quit. If they can find a buyer, then their gear will return to service somewhere. If I know KNCminer, they waited just long enough to post losses over and above what they owe to customers who are involved in the class action lawsuit. IMO , they had nothing but contempt for their customers after the first miners were sold. Maybe since the price of Bitcoin rose after the announcement, the bankruptcy trustee will be able to get some money from the sale of assets? It could still be profitable for somebody paying less for power... such as in Denmark apparently? |
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It doesn't make sense that miners are shutting down now. Before the block reward halving, KNCminer reprted they would have to declare bankruptcy due to their electricity costs. At a time when Bitcoin was worth ~$480, they claimed their cost per Bitcoin was $440 (this is from memory, it might have been slightly more or less) and their electricity costs were $0.196 per kWhr. I did some math and it turns out that about $200 of that cost per Bitcoin was electricity. Difficulty has not increased significantly since their announcement so after the halving, the cost per coin for electricity would be ~ $400 and the total cost per coin ~ $640. Bitcoin is still worth more than that. Also, KNC would have been the most expensive miner out there with the cost of living in Sweden and the electricity costs considered not to mention their taxes are through the roof. Consider also this:
422107 (Main Chain) 2016-07-24 16:59:14 KnCMiner 000000000000000001b63fcce1fa4b54bdf35971ac553ed7d50f97777d2963fc
Who is shutting down!? I say it's just an anomaly and is simply an extended bout of bad luck that is indicating an apparent decline in hash rate even though all the equipment is still mining. I don't believe it is caused by miners shutting down (at least not yet).
0.19$/kWh can't be right. It's normal with prices around 0.07 for home residents in Norway/Sweden. Surely a huge operation like KNC had bulk prices.. Edit: Actually the electricity price is around 0.02$/kWh when not paying for the transport of power. aka buying directly from a hydroplant like KNC did. Okay let's say the price is around 0.02$/kWh to start... I had to search it out and I was slightly off the mark but here it is: http://www.breakit.se/artikel/3867/svenska-bitcoin-jatten-knc-miner-i-konkurs-konkurrensen-for-tuff and the relevant section is: Sam Cole also highlights the increasingly fierce competition - and the Swedish energy tax.
In Denmark, for example, data centers pay about 0.5 cents per kilowatt hour - in Sweden the figure is 19.2 cents per kilowatt hour.
Granted, Sam Cole has been known to embellish (a lot) and I'm still looking for the article in which he tells KNCminer's cost per Bitcoin. |
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I dont know why is for somebody annoying if forum have signature campainsg allowed.That is good for forum users and users which come just to advertise their site.So the are in position win-win and forum admin is in win-win position because forum is more popular.I hate when rich peoples are moving ref link code,they hate faucet in casinos,they hate ads in forums.I cant understand their angry brain.
Illiterate. This is a great example of that. You might be literate in your 1st language, but this broken bullshit English is not worth the effort to even try to understand. 99% of posts on this forum wouldn't be worth reading--I'm not wasting a single nanosecond trying to figure out what some degenerate Indochinaman (or whatever) is trying to say in their sig spam. This is an English language forum after a Awwww... you rich guys and your angry brains just don't understand it's a win-win-win-win for these guys to post in broken English. Sir, I am by no means rich. Angry yes, but getting paid to shit all over the place to be for bitcoin enthusiasts can't be justified. I'm sorry, you know these fuckers wouldn't be posting on any English language forum if they weren't getting paid. And I highly doubt they're feeding themselves with sig earnings. Gambling is more like it, and then they come on here to ask for loans and all that other BS. Does that sound about right? That sounds spot on |
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I dont know why is for somebody annoying if forum have signature campainsg allowed.That is good for forum users and users which come just to advertise their site.So the are in position win-win and forum admin is in win-win position because forum is more popular.I hate when rich peoples are moving ref link code,they hate faucet in casinos,they hate ads in forums.I cant understand their angry brain.
Illiterate. This is a great example of that. You might be literate in your 1st language, but this broken bullshit English is not worth the effort to even try to understand. 99% of posts on this forum wouldn't be worth reading--I'm not wasting a single nanosecond trying to figure out what some degenerate Indochinaman (or whatever) is trying to say in their sig spam. This is an English language forum after all. Awwww... you rich guys and your angry brains just don't understand it's a win-win-win-win for these guys to post in broken English. |
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It doesn't make sense that miners are shutting down now. Before the block reward halving, KNCminer reprted they would have to declare bankruptcy due to their electricity costs. At a time when Bitcoin was worth ~$480, they claimed their cost per Bitcoin was $440 (this is from memory, it might have been slightly more or less) and their electricity costs were $0.196 per kWhr. I did some math and it turns out that about $200 of that cost per Bitcoin was electricity. Difficulty has not increased significantly since their announcement so after the halving, the cost per coin for electricity would be ~ $400 and the total cost per coin ~ $640. Bitcoin is still worth more than that. Also, KNC would have been the most expensive miner out there with the cost of living in Sweden and the electricity costs considered not to mention their taxes are through the roof. Consider also this:
422107 (Main Chain) 2016-07-24 16:59:14 KnCMiner 000000000000000001b63fcce1fa4b54bdf35971ac553ed7d50f97777d2963fc
Who is shutting down!? I say it's just an anomaly and is simply an extended bout of bad luck that is indicating an apparent decline in hash rate even though all the equipment is still mining. I don't believe it is caused by miners shutting down (at least not yet).
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Guys, I got a few of those GPU shirts in the mail. For the wife and me !!!! Awsome shirts. Too bad I ordered them before my wallet was compromised and that QR code is to that wallet !!! None the less, walking advertising. Nice shirts, Im impressed with the quality. Thumbs up.  Can someone quote this, I'm just a noob who must wait 360 seconds between posts, and aparently my IMG links don't work. Nice looking shirts I'm going to have to get one. As an aside, maybe you should get a black fabric marker and add a couple extra bits to the QR code just in case anyone ever tries to use it. Sharpie® makes them and they are available at walmartPersonally I would prefer to shop elsewhere and there is an awesome store in the big smoke called Above Ground Art supplies; the have a myriad of options for fabric markers/paints Above Ground Art Supplies fabric paintsMake a little square stencil of the appropriate size and use the Tee Juice™ medium point (1.2mm) or even better the broad point (12mm) marker to make it look professional. |
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Hi, Do you think mensa test it is legit? I just did it and I became a member of mensa. Do you think it is legit? This group can help me in life ) ? If yes in what ways... Pics or it didn't happen |
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You hire a graphics artist and give them your specs.
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Are you dreaming or what, you intend to send men to space and the world beyond with just $100,000?
Not men. Digital representations of men on chips inside tiny solar powered disks littering the cosmos. |
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Is kickstarter accepting bitcoin payments now?
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It's a sleeper account. Someday, russian governement will activate it to spam the hell out of bitcointalk forum using the most obtrusive signature ever. We will rue the day.
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Does anyone have any reading comprehension skills on this board? OP did not risk $370k! Op never specified hs initial deposit; merely his first successful withdrawal of $500 and his subsequent attempts.
If OP would share the inital deposit amount, we would know how much of his own money he actually lost, if any. The $370k was obtained using an exploit; I doubt this exchange ever had so much money go through it.
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I can also confirm its mr White Just got a question to the other holders.. A coin dev without coins cant be a very happy dev. Maybe some of the holders should consider a donation? We all know this coin is going somewhere What about using the hard fork technique employed by Etherum devs for the the DOA conflict resolution. I'm not saying I agree with what was done but if it could be done in such a way that only the transactions containing the stolen 1.8 million coins could be wiped, it would appear seamless. What percentage of the total supply does 1.8 million coins represent? edit: fixed spelling |
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